China?

[digaran]

Yes China is generating bitcoins, China also produces apple products, they also manufacture 30% of the world's electronics because everything is cheap there, like work force, electricity, resources. what is control any ways? can you still buy and sell bitcoin or not?

[warwar]

No! No one controls bitcoin. It's just that China has high volume.

I think the same tho.I think  it is just  about chinas population why many is tricked by things that is china controlling bitcoins.We know that china as very huge population and many of that population is surely using bitcoins as investments and capitals on businesses.And many rich businessmens are in china and one of the cause of big traffics on china in terms of bitcoin

[pewe]

I think china concerns on the bitcoin economy pose a security threat associated with increased capital flight that relies bitcoin

[Hazir]

Fuck China. They always complain how something affect their economy in a negative way. They affect their economy in a negative way trying to control EVERYTHING.

Yes because China is communistic.

Not exactly, they are led by a Communist party, that is correct. But economically China is more capitalistic that the US.Chinese people embraced capitalism.
It is true that it is form of state capitalism with quasi free market and government can control every aspect of internal Chinese economy.

[poloniexwhale]

Fuck China. They always complain how something affect their economy in a negative way. They affect their economy in a negative way trying to control EVERYTHING.

Yes because China is communistic.

Not exactly, they are led by a Communist party, that is correct. But economically China is more capitalistic that the US.Chinese people embraced capitalism.
It is true that it is form of state capitalism with quasi free market and government can control every aspect of internal Chinese economy.

Economically is capitalism because China wealthy people are most government corrupted officers, they accept bribes, and businessmen who bribe them can be rich. That is why many rich Chinese officers and businessmen purchase expensive houses in western countries.

Politically, China is against bitcoin because bitcoin is the currency of freedom.

[yescopyleftsounds]

Maybe yes or it may not also they have huge amount of bitcoin now.

[pooya87]

Maybe yes or it may not also they have huge amount of bitcoin now.

who are they?
Chinese citizens? miners? or some imaginary people?
and how the hell do you know they "have" huge amount of bitcoin. did they show you their cold storage wallets and you compared it with other people's wallet sizes?

[yescopyleftsounds]

Maybe yes or it may not also they have huge amount of bitcoin now.

who are they?
Chinese citizens? miners? or some imaginary people?
and how the hell do you know they "have" huge amount of bitcoin. did they show you their cold storage wallets and you compared it with other people's wallet sizes?

Chinese Traders(exchange)

[CryptoVzla]

No! No one controls bitcoin. It's just that China has high volume.

 Exactly, and the news coming from there are just FUD. Regulations (o something like that) in China should not affect the Bitcoin Price. Bitcoin is a worldwide system

[calkob]

Is China trying to control Bitcoin?

I wouldnt say that they are trying to control bitcoin, i think that they are trying to control the effects that bitcoin is having and will have on their country iin the coming years.  i think they know that they will be badly effected when everyone wants in to bitcoin.  I dont believe that bitcoin can be controlled by any single entity, yes the price can currently be moved very easily by a whale but controlled .....No

[mamaita]

bitcoin can not be controlled, to my knowledge the users of bitcoin itself yuang determine its market price, remember the law of economics more and more demand then prices will go up so it looks like from bitcoin trading system, and therefore its price is always change at any time

[Ayers]

Maybe yes or it may not also they have huge amount of bitcoin now.

who are they?
Chinese citizens? miners? or some imaginary people?
and how the hell do you know they "have" huge amount of bitcoin. did they show you their cold storage wallets and you compared it with other people's wallet sizes?

it's true that miners have a big amount of coins, you can do the math yourself, take look at the minign hashpower for a giant farm, a farm like that can without much trouble generate 50 btc daily, this is a huge amount, it's $50k per day and $1500k per month

[royalfestus]

Is China trying to control Bitcoin?

NO there's top 10 countries in which bitcoins are banned and china also include in that list you can google it if you want proof i don't think they're trying to do work on bit coins

Where did you get this information? with all the latest news of how the government had being trying to control the volume and fraud in it,not banning it. Government has provided the environment for it but just want to control the price for their countries economy, just like they have been doing with yuan.

[Mr.grin]

I do not know, it may look like it, but it was impossible bitcoin which has international functions, controlled by one country. maybe they can control it with a 70% bitcoin who have been scattered. but, thinking about it alone is impossible. maybe they just want to have a lot of bitcoin.

[Kprawn]

No! No one controls bitcoin. It's just that China has high volume.

 Exactly, and the news coming from there are just FUD. Regulations (o something like that) in China should not affect the Bitcoin Price. Bitcoin is a worldwide system

Oh please, Who do you think owns collectively the most coins in circulation? Definitely not other countries if you look at the volumes on the

exchanges. We know exchanges in China manipulated trade volumes, but since the PBOC started investigating these exchanges the trade

shifted over to Localbitcoin and the volume of coins traded are pretty high. China have a huge influence on the Bitcoin price. 

[eternalgloom]

bitcoin can not be controlled, to my knowledge the users of bitcoin itself yuang determine its market price, remember the law of economics more and more demand then prices will go up so it looks like from bitcoin trading system, and therefore its price is always change at any time

Bitcoin can be controlled by the miners. Have you never heard of a 51% attack?
Some pools have come close, back in 2014, I think. Chances of that happening now are lower, but more competion among miners is a good thing.

In terms of the Bitcoin price, control over the price is pretty hard to achieve, I think.
But I guess it's not impossible since the marketcap is still fairly low in the grand scheme of things.

[BitFinnese]

No! No one controls bitcoin. It's just that China has high volume.

 Exactly, and the news coming from there are just FUD. Regulations (o something like that) in China should not affect the Bitcoin Price. Bitcoin is a worldwide system

I never find news released by PBOC FUD, they are the authority so they wanted their jurisdiction to follow the rules setup by them.  They are not banning BTC but regulating the exchanges to follow the KYC and AML law.  It is that holders just over reacted.  Or might be some whales to exaggerate the news.

[mrkevio]

I do not know, it may look like it, but it was impossible bitcoin which has international functions, controlled by one country. maybe they can control it with a 70% bitcoin who have been scattered. but, thinking about it alone is impossible. maybe they just want to have a lot of bitcoin.

I can't compare China to my country. I cannot compare 1 BILLION people to a few dozens of millions.. It's basically 100x, more or less the effects that we see but as there are many, many people talking to each other the Bitcoin word is being spread around and more people find out about it there. They control most mining part though, especially because there they can get dirt cheap rigs.

[South Park]

Is China trying to control Bitcoin?

I don't think China is trying to take control of the bitcoin network or the miners, China is probably just trying to either protect its currency from bitcoin or simply to try to stop money laundering in the country or maybe both.

[shinratensei_]

Is China trying to control Bitcoin?

I don't think China is trying to take control of the bitcoin network or the miners, China is probably just trying to either protect its currency form bitcoin or simply to try to stop money laundering in the country or maybe both.

The Chinese is Preventing the increase of the size of the block through the SegWit. Does it not relate to Chinese's interest? Because the party is trying to protect the economic from the money laundering is PBOC and not Chinese.